Dividends4Life: 3 Cheap, Dividend-Paying Insurance Stocks

3 Cheap, Dividend-Paying Insurance Stocks

Posted by D4L | Monday, April 14, 2014 | | 0 comments »

If you screen for insurance stocks trading below book value, with price-to-earnings ratios below that of the market as a whole — and which pay a dividend — you will uncover these 3 that look attractive: Lincoln National Corp. (NYSE:LNC) has been in the life and health insurance business since 1904. That’s a long time. It trades at $50.41 with a P/E of 11, a price-to-book of .98 and a 1.3% dividend.

PartnerRe LTD. (NYSE:PRE) is a re-insurer based in Bermuda. It traded at $101 last week. The P/E is 9, the price-to-book is .80 and the dividend yield is 2.6%. Symetra Financial (NYSE:SYA) markets life and health insurance, in business since 1957. The stock trades at $19.67 with a P/E of 11, a price-to-book of .79 and a 1.8% dividend. That these stocks have been in up trends is no guarantee that up trending will continue. Each one continues to trade above the significant 50 and 200-day moving averages. A price break below those lines would signal caution. The intriguing old-school valuation metrics suggest a closer look may be warranted.

Source: Forbes

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